Dublin, San Ramon, Danville, Pleasanton, and Livermore’s End of December Real Estate Update

January 13, 2009

December Tri-Valley InventoryThis graph consists of real time inventory numbers for Danville, Dublin, Livermore, San Ramon and Pleasanton. Here are the active real estate housing stats for the Tri-Valley cities for the end of December.

Let’s discuss inventory numbers.  Previous year trends have usually shown a significant drop in inventory for the month of December.  This year was no different, however the drop in inventory was not as extreme as in past years.  I predicted this trend months ago in some of my articles.  I feel the central reason why we didn’t see as significant of a drop in inventory is that there are still people who are in such a financial predicament that they must sell.  These individuals can’t afford to pull their home off the market and wait until a “better” time to sell. Traditionally for most, the better time is after the first of the year.   With this being said, I also do expect to see more inventory coming on the market during the second half of January and into February. 

 

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